A mortgage has an initial balance of $150,000 and is charged 5% yearly interest applied monthly. If a person makes a payment of $1000 each month, which of the following is closest to the mortgage balance after 3 months of payments?

(1) $145,165
(2)$147,520
(3)$148,160
(4)$148,870

Answers

Answer 1
I think it is (2) but I’m not 100% sorry if this wasn’t much help
Answer 2

A mortgage loan is termed as a loan that is used to purchase or maintain a home, land or other pieces of real estate.

The borrower agrees to repay the amount of loan to the lender over a period of time, usually in a series of regular installments divided into principal and interest. The property is used as security for the loan.

Calculation of the amount of mortgage is as follows:

[tex]\text{Interest}= \text{Mortgage amount} \times\frac{0.05}{12}\times3[/tex] = 1875

[tex]\text{Principal Pay }= 1000 \times3[/tex] = 3000

Total amount paid = Interest + principal pay = 1875 + 3000 = 4875

Initial balance = 150000

The remaining balance for the mortgage amount = initial balance - the total amount paid.

Amount of mortgage = $ 145125.

Therefore the closest to the mortgage balance after 3 months of payments is

(1) $145,165.

To know more about the calculation of the mortgage amount, refer to the link below:

https://brainly.com/question/24913140


Related Questions

Help quickly!!
A class of 50 students elected a class president.
Candidate A received 15 votes.
Candidate B received 25 votes.
The remaining students did not vote.

Which expression gives the percent of voters who voted for Candidate B?

Answers

Answer:

answer: 25/(15+25) ×100

A box contains 4 pair of sunglasses. How many outcomes are in the sample space for pulling out a single pair, not returning it, then drawing out a second set of glasses.

a. 8
b. 12
c. 6
d. 9

Answers

Answer:

B.12

Step-by-step explanation:

For your first draw you have 4 possible options, then on your second draw you have 3 possible options since you took out a pair. So to figure out the number of possible outcomes you simply multiply the possibilities by each other to get the number of possible outcomes.  

Colton is going to invest in an account paying in interest rate of 6.3% compounded continuously how much wood coating need to invest to the nearest dollar for the value of the account to reach 22,700 in 16 years

Answers

Answer:

8284

Step-by-step explanation: I had the same question

beth ran 1 1/2 and 2 1/8 and 1/32 during the week how many miles did beth run

Answers

The answer is 4 5/8 because that what you get when you had the fractions up :)

1. Find the slope from the ordered pairs. (1,-19), (2,-7) *
12
-12
13
-13

Answers

Answer:

12

Step-by-step explanation:

Use the formula y1-y2/x1-x2 to find the slope from two points.

12

Plug in values into the formula using the given points

-7- -19/2-1

=--7+19/1

=12/1

=12

Answer:

The answer is 12

Step-by-step explanation:

The equation to find slope is [tex]m=\frac{y2-y1}{x2-x1}[/tex]. M is the slope.Then you need to add in the numbers. Your equations should look like this: [tex]m=\frac{-7+14}{2-1}[/tex]  14 is now positive because it was originally negative.Then you just solve it to get your answer 12.

Josh spent $30 at the movies. 1/5 was spent on a drink, 45% on a ticket and the rest on food. How much did he spend on food?

Answers

Answer:

$10.5

Step-by-step explanation:

Given data

Total amount=$30

Drink = 1/5*30= $6

Ticket= 45% of 30

        =45/100*30

       =0.45*30

        =$13.5

The remainder is for food

=30-6-13.5

=$10.5

(WILL GIVE BRAINLIEST TO EVERY QUESTION ANSWERED ON MY PROFIL) Debra Goforth’s savings account shows a balance of $904.31 on March 1st. The same day, she made a deposit of $375 to the account. She also made deposits of $500 on April 1st and May 1st. The bank pays an annual interest rate of 5.5 percent. Use your Compounded Daily chart to calculate the amount in her account on May 29th.

Answers

Answer:

$4625.10

Step-by-step explanation:

Her account already had $904.31

You now need to add $375.

Then add $500 twice.

Because of how banks work, we need to find out how much they pay monthly. There are 12 months in a year. 5.5 divided by 12 is 0.45.

45% of 1279.31 is 575.68

Now we add the $575.68 to $1279.31

April is a new month and she deposited $500.

45% of 1854.99 is 834.74

Add $834.74 to $1854.99

Then she deposits 500 on May, another new month.

I think this step is obvious. Just follow what you did last time.

This leaves her with $4625.10

Divide. Round to the nearest tenth.
5.1)
104

Answers

Answer: 104

Step-by-step explanation:

Identify the horizontal and vertical intercepts of the limacon represented by the equation r=4-6 sin theta.

Answers

Answer:

Vertical intercepts: (-2,pi/2) and (-10,pi/2)

Horizontal intercepts: (4,0) and (-4,0)

Step-by-step explanation:

I took the test and got it right.

The required horizontal intercepts are at approximately (41.81°, 0) and (138.19°, 0), and the vertical intercepts are at (0, 4) and (0, -10).

What is the intercept in the equation?

In the equation intercept is the value of the linear function where either of the variables is zero.

To find the horizontal intercept(s) of the limacon, we need to set r equal to zero and solve for theta.

r = 4 - 6sin(Ф)

0 = 4 - 6sin(Ф)

6sin(Ф) = 4

sin(Ф) = 4/6

sin(Ф) = 2/3

We can use an inverse sine function to find the value of theta:

Ф= sin^-1(2/3)

Ф≈ 41.81° or 138.19°

These are the values of theta where the limacon crosses the x-axis (horizontal intercepts).

To find the vertical intercept(s), we need to set theta equal to zero or pi and solve for r.

When Ф= 0:

r = 4 - 6sin(0)

r = 4

So the limacon intercepts the y-axis at (0, 4).

When Ф= pi:

r = 4 - 6sin(pi)

r = 10

So the limacon intercepts the y-axis at (0, -10).

Therefore, the horizontal intercepts are at approximately (41.81°, 0) and (138.19°, 0), and the vertical intercepts are at (0, 4) and (0, -10).

Learn more about intercept here:
https://brainly.com/question/3605446

#SPJ3

El conjunto de 10 centenas de mil es igual a _________ unidades El conjunto de 10 decenas de mil es igual a __________ unidades

Answers

Answer:

10 centenas de mil =  1000.000 unidades.

Step-by-step explanation:

Recordemos que 10 centenas es igual a 1000 unidades

Ahora, 10 centenas de mil seria un millon de unidades

Osea, 1000.000 unidades.

Espero te haya servido.

What is the 22nd­ term of the arithmetic sequence ­­­ ­ ­ ­­ ­ ­ ­ ­­ 12 , 17 ,­ 22 , 27 , .... , .... , ....

Answers

Answer: 117

Step-by-step explanation:

Formula for arithmetic sequence is:

= a + (n - 1)d

22nd term = a + (n - 1)d

= a + (22 - 1)d = a + 21d

where, a = 12

d = 17 - 12 = 5.

Therefore, 22nd term will be:

= a + 21d

= 12 + 21(5)

= 12 + 105

= 117

The 22nd term is 117

john is a proud owner of a herd of cows 12 of them are brown and 32 are black what is the ratio of brown cows to the total number of cows?

Answers

Answer:

12:44, or if simplified 3:11

Step-by-step explanation:

In mathematics, a ratio indicates how many times one number contains another. For example, if there are eight oranges and six lemons in a bowl of fruit, then the ratio of oranges to lemons is eight to six (that is, 8∶6, which is equivalent to the ratio 4∶3). Similarly, the ratio of lemons to oranges is 6∶8 (or 3∶4) and the ratio of oranges to the total amount of fruit is 8∶14 (or 4∶7).

Answer:

3 : 11

Step-by-step explanation:

Total number of cows = 32 + 12 = 44

Brown cows : Total

12 : 44 =

3 : 11

(IN SPANISH)
NEED AN AWNSER ASAP THANK YOU.

Answers

The answer is 51
8 1/2x6=51

Uma professora de artes pediu aos alunos para montarem mosaicos unindo peças. Nesse mosaico, essas peças deveriam ficar sempre ligadas pelos vértices, não poderiam se sobrepor e não deveria sobrar espaço entre elas. Além disso, para fazer esse mosaico, essa professora solicitou que todos os alunos utilizassem octógonos regulares, como o que está apresentado abaixo.

M100839H6_1

Para compor esse mosaico, junto com esses octógonos, os alunos tinham à sua disposição as peças do quadro abaixo.

M100839H6_2

Quais dessas peças os alunos poderiam escolher para compor esse mosaico?

I e III.
I, III e IV.
I e IV.
II, III e IV.
III e IV.

Answers

Answer:

coloquei a letra d- II, III e IV

Step-by-step explanation:

Answer:

é a letra D (II, III e IV)

Step-by-step explanation:

se você reparar no ângulo interno da figura do octógono está mostrando 135º e a primeira figura que no caso não encaixa mostra 60º, fazendo essa soma daria um total de 195º, o que passa de 180º que é a metade de uma circunferência, então não daria certo, ficaria uma parte sobrando, não se encaixando no mosaico.

4x+5y=60. what is the x and y intercepts? show work pls!!

Answers

Answer: (4,5)

Because I don't know another way I can solve

Step-by-step explanation:

Answer:

x-intercept: (15, 0)

y-intercept: (0, 12)

Step-by-step explanation:

1.) convert the equation to y=mx+b format

4x + 5y= 60

5y = -4x + 60

y = -4/5x + 12

2.) Now we know that "b" in the equation is the y-intercept. 12 is b so the y-intercept is 12.

3.) To find x intercept we will plug in y=0.

0 = -4/5x + 12

-12 = -4/5x

15 = x

Ciara drives an average of 43.6 miles per week

Work out an estimate for the number of miles Ciara drives in a year.

Answers

Answer:

About 2288 miles

Step-by-step explanation:

43.6 rounded is 44.  There are 52 weeks in a year.  Therefore, 44x52 equals about 2288

Please I need help with this math problem I would appreciate it a lot!

Answers

Answer:

4x^2 -3 + 1/x

Where ;

p(x) =( 4x^2 -3) and k = 1

Step-by-step explanation:

Here, we want to divide the given polynomial

To get this, we can use the method of long division

P(x) will be the quotient of the division, while k will be the remainder of the division

We can see the long division used in as seen in the attachment

So, we have the result as;

4x^2 -3 + 1/x

Where ;

p(x) = 4x^2 -3 and k = 1

what are prime factors of 90​

Answers

Answer:

2×3×3×5

Step-by-step explanation:

[tex]{3}^{2} [/tex]

×5

what is the zero of (-8,-1) and (4,2)​

Answers

Answer:

It’s 4.2

Step-by-step explanation:

Anyone know??please????? And right answers

Answers

Answer:

ACB

Step-by-step explanation:

ACB is the correct answer

$60 invested at 7​% compounded continuously after a period of 2 years, after 2 years the investment results in?

Answers

Answer: 8.40 dollars worth of intrest

Step-by-step explanation:

The maximum height reached by the barnacle is _______ m.

Answers

Answer:

1 answer is 1

2 answer is -1

3rd answer is 2pi

From the diagram, we can tell that the maximum height that is reached by the barnacle is 1m.

Why is this the maximum height?

The Barnacle is going around the water level in the shape of a circle which the water level being the diameter.

This means that the maximum height the barnacle can reach is constricted by the radius such that it is the same as the radius of the circle. This means that the maximum height is 1m.

Find out more on the height of the barnacle at https://brainly.com/question/10417429.

A florist measures the lengths of roses the lengths in inches of a dozen roses are given below​

Answers

Answer:13.5

Step-by-step explanation:

Point A(12, 0) is on the x-axis and point B(0,−5) is on the y-axis. Find the distance between points A and B

Answers

The distance is 12/-5

What is the intersection (x, y) of the two lines generated by the 2 equations:
y= x+3
y=-x +7

Answers

Answer:

x=2

y=5

Step-by-step explanation:

y= x+3...(1)

y= -x+7...(2)

(1) + (2):

y+y= (x+3) + (-x+7)

2y= (x-x) + (3+7)

2y= 10

y= 5

By substituting y=5 into (1),

we have

5= x+3

x+3=5

x= 5-3

x= 2

You wash 12 cars on Friday and 10 cars on Saturday for our fund-raiser you were also given a $40 donation from somebody who didn't want a car wash if you raised a total of $370 how much money did you earn per car wash

Answers

Answer:

$15

Step-by-step explanation:

370-40=330

12+10=22

330÷22=15

15*22=330

An image has point W'(7,-3), and the pre-image has point W(21,-9). This is an enlargement

True or False

Answers

Answer:

true

Step-by-step explanation:

Answer:

FALSE!

Step-by-step explanation:

brainliest would be appreciated (wink wink)

Help me please!!!!!!!!!!!!

Answers

Answer: +9,+5

Step-by-step explanation:

5. A bag contains 5 blue marbles, 4 yellow marbles and 1 red marble. What 1 point
is the probability of selecting a yellow marble, replacing it, then selecting a
blue marble?

Answers

Answer:

()

Step-by-step explanation:

Use nCr to figure this out, plug in the numbers and probabilities and solve

what is-12x + 16 – 4x = -112

Answers

Answer:

[tex]x=8[/tex]

Step-by-step explanation:

First, I wanna point out a minor mistake, are we supposed to figure out x?

If we are, let's start.

[tex]-12x+16-4x=-112.[/tex]

We don't need the [tex]16.[/tex]

We subtract the 16 from both sides.

SImplify, =[tex]16x=128[/tex]

Also, group like terms, and add similar elements.

Answer:

x = 8

Step-by-step explanation:

-12x + 16 - 4x = -112

Combine like terms on the left side.

-16x + 16 = -112

Subtract 16 from both sides.

-16x = -128

Divide both sides by 16.

x = 8

Check:

-12x + 16 - 4x =

= -12(8) + 16 - 4(8)

= -96 + 16 - 32

= -80 - 32

= -112

-112 = -112

x = 8 is correct.

Answer: x = 8

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